Edgar Filing: MITSUBISHI UFJ FINANCIAL GROUP INC

Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

For the month of November 2018

Commission File No. 000-54189

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

7-1, Marunouchi 2-chome, Chiyoda-ku

Tokyo 100-8330, Japan

(Address of principal executive office)

Indicate by check mark whether the registrant files or

will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F X Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K

in paper as permitted by Regulation S-T Rule 101(b)(7):

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-209455) OF MITSUBISHI UFJ FINANCIAL GROUP, INC. AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 13, 2018


Mitsubishi UFJ Financial Group, Inc.

By:		/s/ Zenta Morokawa
Name:		Zenta Morokawa
Title:		Managing Director, Head of Documentation & Corporate Secretary Department,
		Corporate Administration Division

LOGO

Consolidated Summary Report

<under Japanese GAAP>

for the six months ended September 30, 2018

November 13, 2018


Company name:		Mitsubishi UFJ Financial Group, Inc.
Stock exchange listings:		Tokyo, Nagoya, New York
Code number:		8306
URL		https://www.mufg.jp/
Representative:		Nobuyuki Hirano, President & Group CEO
For inquiry:		Kazutaka Yoneda, Managing Director, Head of Financial Accounting Office, Financial Planning Division
		TEL (03) 3240-3110
Quarterly securities report issuing date:		November 28, 2018
Dividend payment date:		December 5, 2018
Trading accounts:		Established
Supplemental information for quarterly financial statements:		Available
Quarterly investor meeting presentation:		Scheduled (for investors and analysts)

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Data for the Six Months ended September 30, 2018

(1) Results of Operations


	(% represents the change from the same period in the previous fiscal year)
	Ordinary Income				Ordinary Profits				Profits Attributable to Owners of Parent
For the six months ended	million yen		%		million yen		%		million yen		%
September 30, 2018		3,375,731		10.0		885,919		2.5		650,796		3.8
September 30, 2017		3,068,191		10.4		864,020		8.7		626,940		27.8

(*)	Comprehensive income

September 30, 2018: 497,687 million yen, (42.4) % ; September 30, 2017: 863,593 million yen, - %


	Basic earnings per share		Diluted earnings per share
For the six months ended	yen		yen
September 30, 2018		49.65		49.49
September 30, 2017		47.00		46.86

(2) Financial Conditions


	Total Assets		Total Net Assets		*Equity-to-asset ratio ()**
As of	million yen		million yen		%
September 30, 2018		306,387,635		17,575,437		5.3
March 31, 2018		306,937,415		17,295,037		5.2

(Reference) Shareholders’ equity as of September 30, 2018: 16,286,458 million yen; March 31, 2018: 16,024,639 million yen

(*)

“Equity-to-asset ratio” is computed under the formula shown below

(Total net assets - Subscription rights to shares - Non-controlling interests) / Total assets

2. Dividends on Common Stock


	Dividends per Share
	1st quarter-end		2nd quarter-end		3rd quarter-end		Fiscal year-end		Total
For the fiscal year	yen		yen		yen		yen		yen
ended March 31, 2018		—		9.00		—		10.00		19.00
ending March 31, 2019		—		11.00		——		——		——
ending March 31, 2019 (Forecast)		——		——		—		11.00		22.00

(*)

Revision of forecasts for dividends on the presentation date of this Consolidated Summary Report: Yes

3. Earnings Target for the Fiscal Year ending March 31, 2019 (Consolidated)

MUFG has the target of 950.0 billion yen of profits attributable to owners of parent for the fiscal year ending March 31, 2019. (There is a change to our earnings target released on May 15, 2018.)

MUFG is engaged in financial service businesses such as banking business, trust banking business, securities business and credit card/loan businesses. Because there are various uncertainties caused by economic situation, market environments and other factors in these businesses, MUFG discloses a target of its profits attributable to owners of parent instead of a forecast of its performance.

ø Notes

(1)	Changes in significant subsidiaries during the period: No

(2)	Changes in accounting policies, changes in accounting estimates and restatements

(A)

Changes in accounting policies due to revision of accounting standards: No

(B)

Changes in accounting policies due to reasons other than (A): Yes

(C)

Changes in accounting estimates: No

(D)

Restatements: No

Note:

For more details, please see “(5) Changes in Accounting Policies” in page 8 of Appendix.

(3)	Number of common stocks outstanding at the end of the period


(A)	Total stocks outstanding including treasury stocks:	September 30, 2018	13,827,607,320 shares
		March 31, 2018	13,900,028,020 shares
(B)	Treasury stocks:	September 30, 2018	745,002,026 shares
		March 31, 2018	737,138,211 shares
(C)	Average outstanding of total stocks:	Six months ended September 30, 2018	13,106,742,010 shares
		Six months ended September 30, 2017	13,339,150,519 shares

* This "Consolidated Summary Report" (Quarterly "Tanshin" ) is outside the scope of the external auditor’s interim audit procedure.

* Notes for using forecasted information etc.

This financial summary report contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial conditions and other overall management of the company and/or the group as a whole (the "forward-looking statements"). The forward-looking statements are made based upon, among other things, the company s current estimations, perceptions and evaluations. In addition, in order for the company to adopt such estimations, forecasts, targets and plans regarding future events, certain assumptions have been made. Accordingly, due to various risks and uncertainties, the statements and assumptions are inherently not guarantees of future performance, may be considered differently from alternative perspectives and may result in material differences from the actual result. For the main factors that may affect the current forecasts, please see Consolidated Summary Report, Annual Securities Report, Disclosure Book, Annual Report, and other current disclosures that the company has announced.

The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan ("Japanese GAAP"). Differences exist between Japanese GAAP and the accounting principles generally accepted in the United States ("U.S. GAAP") in certain material respects. Such differences have resulted in the past, and are expected to continue to result for this period and future periods, in amounts for certain financial statement line items under U.S. GAAP to differ significantly from the amounts under Japanese GAAP. For example, differences in consolidation basis or accounting for business combinations, including but not limited to amortization and impairment of goodwill, could result in significant differences in our reported financial results between Japanese GAAP and U.S. GAAP. Readers should consult their own professional advisors for an understanding of the differences between Japanese GAAP and U.S. GAAP and how those differences might affect our reported financial results. We will publish U.S. GAAP financial results in a separate disclosure document when such information becomes available.

Mitsubishi UFJ Financial Group, Inc.

(Appendix)

Contents of Appendix


1. Consolidated Financial Statements and Notes			2

(1) Consolidated Balance Sheets			2

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income			4

(3) Consolidated Statements of Changes in Net Assets			6

(4) Notes on Going-Concern Assumption			8

(5) Changes in Accounting Policies			8

Supplemental Information:

“Selected Financial Information under Japanese GAAP for the Six Months Ended September 30, 2018”

(*)	The following is the schedule of internet conference and explanation for investors and analysts. You can confirm those contents over the internet. Materials distributed for those will be uploaded in our homepage soon after the internet conference or the explanation is held.


Internet Conference:		November 13, 2018 (Tuesday)

Explanation for investors and analysts:		November 16, 2018 (Friday)

Mitsubishi UFJ Financial Group, Inc.

1. Consolidated Financial Statements and Notes

(1)	Consolidated Balance Sheets


(in millions of yen)	As of March 31, 2018			As of September 30, 2018
Assets:
Cash and due from banks		74,713,689			74,013,732
Call loans and bills bought		482,285			301,311
Receivables under resale agreements		5,945,875			11,212,665
Receivables under securities borrowing transactions		9,266,996			3,099,563
Monetary claims bought		5,529,619			6,259,775
Trading assets		15,247,156			16,453,334
Money held in trust		943,153			944,483
Securities		59,266,170			58,766,644
Loans and bills discounted		108,090,994			108,642,700
Foreign exchanges		2,942,499			2,655,390
Other assets		12,176,023			11,607,526
Tangible fixed assets		1,369,977			1,368,836
Intangible fixed assets		1,246,676			1,243,837
Net defined benefit assets		874,106			933,043
Deferred tax assets		89,172			84,278
Customers liabilities for acceptances and guarantees		9,560,158			9,490,410
Allowance for credit losses		(807,139	)		(689,898	)

Total assets		306,937,415			306,387,635

Liabilities:
Deposits		177,312,310			175,979,790
Negotiable certificates of deposit		9,854,742			7,862,312
Call money and bills sold		2,461,088			2,309,072
Payables under repurchase agreements		18,088,513			25,610,723
Payables under securities lending transactions		8,156,582			1,919,493
Commercial papers		2,181,995			2,530,815
Trading liabilities		10,898,924			11,016,853
Borrowed money		16,399,502			16,281,116
Foreign exchanges		2,037,524			2,340,970
Short-term bonds payable		847,299			729,499
Bonds payable		10,706,252			11,793,429
Due to trust accounts		10,382,479			10,094,729
Other liabilities		9,270,887			9,420,548
Reserve for bonuses		86,581			66,168
Reserve for bonuses to directors		620			353
Reserve for stocks payment		11,607			10,121
Net defined benefit liabilities		59,033			58,518
Reserve for retirement benefits to directors		1,088			911
Reserve for loyalty award credits		17,836			18,794
Reserve for contingent losses		318,002			229,111
Reserves under special laws		4,319			4,266
Deferred tax liabilities		867,919			928,318
Deferred tax liabilities for land revaluation		117,104			115,866
Acceptances and guarantees		9,560,158			9,490,410

Total liabilities		289,642,377			288,812,197

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2018			As of September 30, 2018
Net assets:
Capital stock		2,141,513			2,141,513
Capital surplus		1,196,803			1,145,154
Retained earnings		10,064,649			10,581,941
Treasury stock		(522,158	)		(527,623	)

Total shareholders equity		12,880,807			13,340,986

Net unrealized gains (losses) on available-for-sale securities		2,388,234			2,363,677
Net deferred gains (losses) on hedging instruments		59,360			(21,937	)
Land revaluation excess		170,239			169,086
Foreign currency translation adjustments		499,557			364,074
Remeasurements of defined benefit plans		62,182			77,040
Debt value adjustments of foreign subsidiaries and affiliates		(35,743	)		(6,468	)

Total accumulated other comprehensive income		3,143,832			2,945,472

Subscription rights to shares		274			217
Non-controlling interests		1,270,123			1,288,761

Total net assets		17,295,037			17,575,437

Total liabilities and net assets		306,937,415			306,387,635

Mitsubishi UFJ Financial Group, Inc.

(2)	Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

Consolidated Statements of Income


(in millions of yen)	For the six months ended September 30, 2017		For the six months ended September 30, 2018
Ordinary income		3,068,191		3,375,731
Interest income		1,533,164		1,805,570
Interest on loans and bills discounted		998,388		1,154,602
Interest and dividends on securities		319,026		339,225
Trust fees		58,792		63,045
Fees and commissions		744,736		743,426
Trading income		157,699		120,617
Other operating income		244,724		174,085
Other ordinary income		329,074		468,984
Ordinary expenses		2,204,170		2,489,812
Interest expenses		559,557		835,371
Interest on deposits		195,251		268,539
Fees and commissions		107,570		109,675
Trading expenses		638		827
Other operating expenses		63,224		78,351
General and administrative expenses		1,340,012		1,335,443
Other ordinary expenses		133,166		130,143

Ordinary profits		864,020		885,919

Extraordinary gains		51,400		11,564
Gains on disposition of fixed assets		2,645		9,865
Reversal of reserve for contingent liabilities from financial instruments transactions		59		53
Gains on liquidation of subsidiaries		—		1,645
Gains on exchange of shares of affiliates		48,695		—
Extraordinary losses		47,043		28,721
Losses on disposition of fixed assets		4,876		3,486
Losses on impairment of fixed assets		22,597		8,507
Losses on change in equity		19,569		15,223
Losses on sales of shares of affiliates		—		1,504

Profits before income taxes		868,377		868,761

Income taxes-current		161,188		73,606
Income taxes-deferred		29,380		91,722

Total taxes		190,568		165,328

Profits		677,809		703,432

Profits attributable to non-controlling interests		50,869		52,636

Profits attributable to owners of parent		626,940		650,796

Mitsubishi UFJ Financial Group, Inc.

Consolidated Statements of Comprehensive Income


(in millions of yen)	For the six months ended September 30, 2017			For the six months ended September 30, 2018
Profits		677,809			703,432
Other comprehensive income
Net unrealized gains (losses) on available-for-sale securities		306,405			(5,335	)
Net deferred gains (losses) on hedging instruments		(30,315	)		(81,847	)
Land revaluation excess		(6	)		—
Foreign currency translation adjustments		(55,257	)		(58,908	)
Remeasurements of defined benefit plans		22,840			13,721
Share of other comprehensive income of associates accounted for using equity method		(57,881	)		(73,375	)

Total other comprehensive income		185,784			(205,745	)

Comprehensive income		863,593			497,687

(Comprehensive income attributable to)
Comprehensive income attributable to owners of parent		809,817			454,434
Comprehensive income attributable to non-controlling interests		53,776			43,252

Mitsubishi UFJ Financial Group, Inc.

(3)	Consolidated Statements of Changes in Net Assets

For the six months ended September 30, 2017


	(in millions of yen)
	Shareholders equity															Accumulated other comprehensive income
	Capital stock			Capital surplus			Retained earnings			Treasury stock			Total shareholders equity			Net unrealized gains (losses) on available- for-sale securities					Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		2,141,513			1,412,087			9,278,546			(513,260	)		12,318,885			2,184,597					125,684
Changes during the period
Cash dividends								(121,160	)					(121,160	)
Profits attributable to owners of parent								626,940						626,940
Repurchase of treasury stock											(100,905	)		(100,905	)
Disposal of treasury stock					(10	)					1,901			1,891
Retirement of treasury stock					(98,952	)					98,952			—
Reversal of land revaluation excess								957						957
Changes in subsidiaries equity					(16	)								(16	)
Net changes of items other than shareholders equity																	315,808					(28,985	)

Total changes during the period		—			(98,979	)		506,736			(51	)		407,705			315,808					(28,985	)

Balance at the end of the period		2,141,513			1,313,107			9,785,282			(513,312	)		12,726,591			2,500,406					96,698


	Accumulated other comprehensive income
	Land revaluation excess			Foreign currency translation adjustments			Remeasurements of defined benefit plans			Debt value adjustments of foreign subsidiaries and affiliates			Total accumulated other comprehensive income			Subscription rights to shares			Non- controlling interests		Total net assets
Balance at the beginning of the period		173,723			558,339			(65,098	)		(15,863	)		2,961,382			407			1,377,719		16,658,394
Changes during the period
Cash dividends																						(121,160	)
Profits attributable to owners of parent																						626,940
Repurchase of treasury stock																						(100,905	)
Disposal of treasury stock																						1,891
Retirement of treasury stock																						—
Reversal of land revaluation excess																						957
Changes in subsidiaries equity																						(16	)
Net changes of items other than shareholders equity		(964	)		(125,152	)		24,857			(3,643	)		181,919			(132	)		31,488		213,275

Total changes during the period		(964	)		(125,152	)		24,857			(3,643	)		181,919			(132	)		31,488		620,980

Balance at the end of the period		172,758			433,186			(40,241	)		(19,507	)		3,143,302			274			1,409,207		17,279,375

Mitsubishi UFJ Financial Group, Inc.

For the six months ended September 30, 2018


	(in millions of yen)
	Shareholders equity															Accumulated other comprehensive income
	Capital stock			Capital surplus			Retained earnings			Treasury stock			Total shareholders equity			Net unrealized gains (losses) on available- for-sale securities					Net deferred gains (losses) on hedging instruments
Balance at the beginning of the period		2,141,513			1,196,803			10,064,649			(522,158	)		12,880,807			2,388,234					59,360

Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates								(2,723	)					(2,723	)		(844)
Restated balance		2,141,513			1,196,803			10,061,926			(522,158	)		12,878,084			2,387,390					59,360
Changes during the period
Cash dividends								(131,934	)					(131,934	)
Profits attributable to owners of parent								650,796						650,796
Repurchase of treasury stock											(60,721	)		(60,721	)
Disposal of treasury stock					(0	)					3,730			3,730
Retirement of treasury stock					(51,526	)					51,526			—
Reversal of land revaluation excess								1,153						1,153
Changes in subsidiaries equity					(122	)								(122	)
Net changes of items other than shareholders equity																	(23,712)					(81,298	)

Total changes during the period		—			(51,648	)		520,015			(5,464	)		462,901			(23,712)					(81,298	)

Balance at the end of the period		2,141,513			1,145,154			10,581,941			(527,623	)		13,340,986			2,363,677					(21,937	)


	Accumulated other comprehensive income
	Land revaluation excess			Foreign currency translation adjustments			Remeasurements of defined benefit plans			Debt value adjustments of foreign subsidiaries and affiliates			Total accumulated other comprehensive income			Subscription rights to shares			Non- controlling interests		Total net assets
Balance at the beginning of the period		170,239			499,557			62,182			(35,743	)		3,143,832			274			1,270,123		17,295,037

Cumulative effects due to revision of accounting standards for foreign subsidiaries and affiliates														(844	)							(3,568	)
Restated balance		170,239			499,557			62,182			(35,743	)		3,142,987			274			1,270,123		17,291,469
Changes during the period
Cash dividends																						(131,934	)
Profits attributable to owners of parent																						650,796
Repurchase of treasury stock																						(60,721	)
Disposal of treasury stock																						3,730
Retirement of treasury stock																						—
Reversal of land revaluation excess																						1,153
Changes in subsidiaries equity																						(122	)
Net changes of items other than shareholders equity		(1,153	)		(135,483	)		14,857			29,275			(197,515	)		(56	)		18,638		(178,933	)

Total changes during the period		(1,153	)		(135,483	)		14,857			29,275			(197,515	)		(56	)		18,638		283,967

Balance at the end of the period		169,086			364,074			77,040			(6,468	)		2,945,472			217			1,288,761		17,575,437

Mitsubishi UFJ Financial Group, Inc.

(4)	Notes on Going-Concern Assumption

None.

(5)	Changes in Accounting Policies

(Change in the definition of cash and cash equivalents in the consolidated statements of cash flows)

From the six months ended September 30, 2018, MUFG has changed the definition of cash and cash equivalents in the consolidated statements of cash flows to make it equivalent to “Cash and due from banks” on the consolidated balance sheet. Previously, it was defined as “Cash and due from banks” on the consolidated balance sheet excluding time deposits and negotiable certificates of deposits in other banks.

In light of the market environment where interest rates have long remained, and are expected to remain, ultra-low due to recent monetary policy, and the business environment where MUFG implements strategies to transform its business model based on the current Medium-Term Business Plan, treating such “Due from banks” as an operating asset which constitute cash flows from operating activities no longer accurately reflects MUFG’s actual cash management activities, therefore, “Due from banks”, regardless of whether it bear interest, is included in cash and cash equivalents in order to more accurately present the actual cash flows.

Selected Financial Information

under Japanese GAAP

For the Six Months Ended September 30, 2018


Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc.

[Contents]


1. Financial Results	[ MUFG Consolidated ]1 [ BK and TB Combined ]234	——	1
	[ BK Consolidated ][ BK Non-consolidated ]
	[ TB Consolidated ][ TB Non-consolidated ]

2. Average Interest Rate Spread	[ BK Non-consolidated ][ TB Non-consolidated ] [ BK and TB Combined ]	——	7

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting	[ MUFG Consolidated ][ BK Consolidated ] [ TB Consolidated ]	——	8

4. Securities	[ MUFG Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	——	9

5. ROE	[ MUFG Consolidated ]	——	12

6. Risk-Adjusted Capital Ratio	[ MUFG Consolidated ][ BK Consolidated ] [ TB Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ]	——	13

7. Risk-Monitored Loans	[ MUFG Consolidated ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated: Trust Account ]	——	14

8. Non Performing Loans Based on the Financial Reconstruction Law (the “FRL”)	[ BK and TB Combined including Trust Account ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated: Trust Account ]	——	18

9. Progress in Disposition of Problem Assets	[ BK Non-consolidated ] [ TB Non-consolidated including Trust Account ]	——	23

10. Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors	[ BK and TB Combined including Trust Accounts ] [ BK Non-consolidated ][ TB Non-consolidated ] [ TB Non-consolidated: Trust Accounts ]	——	25

11. Overseas Loans	[ BK Consolidated excl. MUAH, KS ]56	——	29

12. Loans and Deposits	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	——	30

13. Domestic Deposits	[ BK and TB Combined ] [ BK Non-consolidated ][ TB Non-consolidated ]	——	31

14. Status of Deferred Tax Assets	[ BK Non-consolidated ][ TB Non-consolidated ]	——	32

(References)

1. Financial Statements	[ BK Non-consolidated ][ TB Non-consolidated ]	——	34

(*1)	“MUFG” means Mitsubishi UFJ Financial Group, Inc.

(*2)	“BK” means MUFG Bank, Ltd.

(*3)	“TB” means Mitsubishi UFJ Trust and Banking Corporation.

(*4)	“BK and TB Combined” means simple sum of “BK” and “TB” without consolidation processes.

(*5)	“MUAH” means MUFG Americas Holdings Corporation.

(*6)	“KS” means Bank of Ayudhya Public Company Limited.

Mitsubishi UFJ Financial Group, Inc.

1. Financial Results

MUFG Consolidated


	(in millions of yen)
	For the six months ended						Increase
	September 30, 2018 (A)			September 30, 2017 (B)			(Decrease) (A) - (B)
Gross profits		1,882,598			2,008,140			(125,541	)
Gross profits before credit costs for trust accounts		1,882,598			2,008,140			(125,541	)
Net interest income		970,276			973,621			(3,345	)
Trust fees		63,045			58,792			4,253
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		633,751			637,165			(3,414	)
Net trading profits		119,790			157,061			(37,271	)
Net other operating profits		95,734			181,499			(85,764	)
Net gains (losses) on debt securities		(1,627	)		84,759			(86,387	)
General and administrative expenses		1,314,457			1,307,356			7,100
Amortization of goodwill		8,595			8,519			76
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		576,736			709,303			(132,566	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		568,141			700,783			(132,642	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits*		568,141			700,783			(132,642	)
Net non-recurring gains (losses)		317,777			163,236			154,541
Credit costs (3)		(46,995	)		(88,757	)		41,761
Losses on loan write-offs		(59,883	)		(62,965	)		3,082
Provision for specific allowance for credit losses		—			—			—
Other credit costs		12,887			(25,791	)		38,679
Reversal of allowance for credit losses (4)		77,602			53,575			24,026
Reversal of reserve for contingent losses included in credit costs (5)		56,412			—			56,412
Gains on loans written-off (6)		30,949			38,291			(7,341	)
Net gains (losses) on equity securities		85,149			55,015			30,134
Gains on sales of equity securities		94,890			65,790			29,099
Losses on sales of equity securities		(8,254	)		(9,681	)		1,426
Losses on write-down of equity securities		(1,486	)		(1,094	)		(392	)
Equity in earnings of equity method investees		163,778			135,674			28,103
Other non-recurring gains (losses)		(49,118	)		(30,563	)		(18,555	)

Ordinary profits		885,919			864,020			21,898

Net extraordinary gains (losses)		(17,157	)		4,357			(21,515	)
Losses on impairment of fixed assets		(8,507	)		(22,597	)		14,089
Losses on change in equity		(15,223	)		(19,569	)		4,346
Gains on exchange of shares of affiliates		—			48,695			(48,695	)
Profits before income taxes		868,761			868,377			383
Income taxes-current		73,606			161,188			(87,581	)
Income taxes-deferred		91,722			29,380			62,341
Total taxes		165,328			190,568			(25,239	)
Profits		703,432			677,809			25,623
Profits attributable to non-controlling interests		52,636			50,869			1,766

Profits attributable to owners of parent		650,796			626,940			23,856

Note:
* Netoperating profits = Banking subsidiaries’ net operating profits + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		117,968			3,109			114,858

Number of consolidated subsidiaries		215			208			7
Number of affiliated companies accounted for under the equity method		59			55			4

Mitsubishi UFJ Financial Group, Inc.

BK and TB Combined


	(in millions of yen)
	For the six months ended						Increase
	September 30, 2018 (A)			September 30, 2017 (B)			(Decrease) (A) - (B)
Gross profits		1,015,325			1,109,563			(94,237	)
Gross profits before credit costs for trust accounts		1,015,325			1,109,563			(94,237	)
Domestic gross profits		680,983			645,251			35,732
Net interest income		444,609			340,632			103,976
Trust fees		49,912			45,789			4,122
Credit costs for trust accounts (1)		—			—			—
Net fees and commissions		161,085			172,828			(11,742	)
Net trading profits		(1,440	)		(4,375	)		2,934
Net other operating profits		26,816			90,375			(63,558	)
Net gains (losses) on debt securities		16,791			77,883			(61,092	)
Non-domestic gross profits		334,341			464,311			(129,969	)
Net interest income		214,547			251,751			(37,204	)
Net fees and commissions		90,425			99,522			(9,096	)
Net trading profits		11,318			48,058			(36,739	)
Net other operating profits		18,050			64,979			(46,928	)
Net gains (losses) on debt securities		(17,597	)		7,598			(25,196	)
General and administrative expenses		661,997			667,278			(5,281	)
Personnel expenses		230,964			241,786			(10,822	)
Non-personnel expenses		389,024			390,000			(976	)
Taxes		42,008			35,491			6,516
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		353,328			442,284			(88,955	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		353,328			442,284			(88,955	)
Net non-recurring gains (losses)		230,194			91,217			138,977
Credit costs (3)		4,982			(39,689	)		44,672
Losses on loan write-offs		(7,874	)		(13,652	)		5,777
Provision for specific allowance for credit losses		—			—			—
Other credit costs		12,857			(26,036	)		38,894
Reversal of allowance for credit losses (4)		105,165			90,732			14,432
Reversal of reserve for contingent losses included in credit costs (5)		56,554			—			56,554
Gains on loans written-off (6)		6,783			13,708			(6,925	)
Net gains (losses) on equity securities		81,338			50,638			30,700
Gains on sales of equity securities		91,543			61,704			29,838
Losses on sales of equity securities		(8,544	)		(10,635	)		2,090
Losses on write-down of equity securities		(1,660	)		(431	)		(1,229	)
Other non-recurring gains (losses)		(24,630	)		(24,173	)		(457	)

Ordinary profits		583,522			533,501			50,021

Net extraordinary gains (losses)		22,142			38,792			(16,650	)
Net gains (losses) on disposition of fixed assets		5,472			(2,861	)		8,334
Losses on impairment of fixed assets		(8,225	)		(11,157	)		2,931
Gain on sales of equity securities of subsidiaries		15,400			—			15,400
Gain on exchange of shares of affiliates		—			52,811			(52,811	)
Income before income taxes		605,665			572,294			33,371
Income taxes-current		35,770			136,554			(100,783	)
Income taxes-deferred		75,415			15,379			60,035
Total taxes		111,185			151,933			(40,747	)

Net income		494,479			420,360			74,119


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		173,486			64,752			108,734

Mitsubishi UFJ Financial Group, Inc.

BK Consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2018 (A)			September 30, 2017 (B)			Increase (Decrease) (A) - (B)
Gross profits		1,238,028			1,361,131			(123,103	)
Net interest income		800,182			808,891			(8,709	)
Trust fees		6,580			6,625			(45	)
Net fees and commissions		338,312			338,395			(82	)
Net trading profits		34,950			37,207			(2,257	)
Net other operating profits		58,003			170,011			(112,008	)
Net gains (losses) on debt securities		796			73,919			(73,122	)
General and administrative expenses		902,523			885,653			16,869
Amortization of goodwill		8,054			7,839			214
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		343,559			483,317			(139,758	)
Net operating profits before provision for general allowance for credit losses		335,504			475,477			(139,972	)
Provision for general allowance for credit losses (1)		—			—			—
Net operating profits*		335,504			475,477			(139,972	)
Net non-recurring gains (losses)		207,495			73,735			133,760
Credit costs (2)		(7,756	)		(45,897	)		38,140
Losses on loan write-offs		(20,644	)		(27,712	)		7,068
Provision for specific allowance for credit losses		—			—			—
Other credit costs		12,887			(18,184	)		31,071
Reversal of allowance for credit losses (3)		91,374			57,887			33,487
Reversal of reserve for contingent losses included in credit costs (4)		56,554			—			56,554
Gains on loans written-off (5)		20,638			28,003			(7,365	)
Net gains (losses) on equity securities		76,841			40,169			36,671
Gains on sales of equity securities		86,747			50,322			36,425
Losses on sales of equity securities		(8,700	)		(9,311	)		611
Losses on write-down of equity securities		(1,206	)		(841	)		(364	)
Equity in earnings of equity method investees		9,046			18,251			(9,204	)
Other non-recurring gains (losses)		(39,202	)		(24,678	)		(14,523	)

Ordinary profits		543,000			549,213			(6,212	)

Net extraordinary gains (losses)		(7,347	)		(9,635	)		2,288
Net gains (losses) on disposition of fixed assets		(491	)		(1,538	)		1,046
Losses on impairment of fixed assets		(7,418	)		(8,097	)		678
Profits before income taxes		535,653			539,577			(3,924	)
Income taxes-current		56,586			104,508			(47,922	)
Income taxes-deferred		55,243			38,356			16,887
Total taxes		111,830			142,865			(31,035	)
Profits		423,823			396,712			27,110
Profits attributable to non-controlling interests		21,046			20,689			356

Profits attributable to owners of parent		402,776			376,022			26,754

Note:
* Netoperating profits = Net operating profits of BK + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions
(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		160,810			39,993			120,817

Number of consolidated subsidiaries		126			125			1
Number of affiliated companies accounted for under the equity method		48			48			—

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


	(in millions of yen)

	For the six months ended						Increase (Decrease) (A) - (B)

	September 30, 2018 (A)			September 30, 2017 (B)

Gross profits		843,834			905,893			(62,058	)
Domestic gross profits		546,088			509,406			36,682
Net interest income		405,072			294,140			110,931
Net fees and commissions		120,424			122,763			(2,339	)
Net trading profits		(773	)		(1,096	)		322
Net other operating profits		21,366			93,599			(72,232	)
Net gains (losses) on debt securities		13,331			74,344			(61,013	)
Non-domestic gross profits		297,745			396,486			(98,741	)
Net interest income		172,626			206,995			(34,368	)
Net fees and commissions		89,660			96,364			(6,703	)
Net trading profits		11,427			34,412			(22,984	)
Net other operating profits		24,029			58,714			(34,684	)
Net gains (losses) on debt securities		(12,376	)		626			(13,002	)
General and administrative expenses		570,408			567,964			2,443
Personnel expenses		200,395			205,323			(4,927	)
Non-personnel expenses		333,379			333,478			(99	)
Amortization of goodwill		182			183			(0	)
Taxes		36,632			29,162			7,470
Net operating profits before provision for general allowance for credit losses and amortization of goodwill		273,608			338,111			(64,503	)
Net operating profits before provision for general allowance for credit losses		273,426			337,928			(64,502	)
Provision for general allowance for credit losses (1)		—			—			—
Net operating profits		273,426			337,928			(64,502	)
Net non-recurring gains (losses)		229,007			73,890			155,116
Credit costs (2)		5,804			(31,980	)		37,784
Reversal of allowance for credit losses (3)		102,335			77,697			24,637
Reversal of reserve for contingent losses included in credit costs (4)		56,554			—			56,554
Gains on loans written-off (5)		6,777			13,203			(6,425	)
Net gains (losses) on equity securities		74,724			38,837			35,887
Gains on sales of equity securities		84,420			48,044			36,375
Losses on sales of equity securities		(8,185	)		(8,989	)		804
Losses on write-down of equity securities		(1,510	)		(217	)		(1,293	)
Other non-recurring gains (losses)		(17,189	)		(23,867	)		6,677

Ordinary profits		502,433			411,819			90,614

Net extraordinary gains (losses)		7,939			(10,232	)		18,171
Net gains (losses) on disposition of fixed assets		(1,428	)		(2,433	)		1,005
Losses on impairment of fixed assets		(7,154	)		(7,798	)		644
Gain on sales of equity securities of subsidiaries		15,400			—			15,400
Income before income taxes		510,372			401,586			108,786
Income taxes-current		29,669			94,380			(64,711	)
Income taxes-deferred		57,303			12,941			44,361
Total taxes		86,972			107,322			(20,349	)

Net income		423,400			294,264			129,135


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)		171,472			58,920			112,551
Provision for general allowance for credit losses		145,796			88,698			57,098
Provision for special allowance for credit losses		(43,406	)		(10,693	)		(32,712	)
Allowance for credit to specific foreign borrowers		(55	)		(306	)		251
Losses on loans write-off		(7,285	)		(13,641	)		6,355
Provision for contingent losses included in credit costs		56,554			(11,961	)		68,516
Gains on loans written-off		6,777			13,203			(6,425	)
Losses on sales of other loans, etc.		13,090			(6,377	)		19,468

Mitsubishi UFJ Financial Group, Inc.

TB Consolidated


	(in millions of yen)
	For the six months ended						Increase (Decrease) (A) - (B)
	September 30, 2018 (A)			September 30, 2017 (B)			Increase (Decrease) (A) - (B)
Gross profits		224,070			249,151			(25,081	)
Gross profits before credit costs for trust accounts		224,070			249,151			(25,081	)
Trust fees		56,612			52,269			4,342
Trust fees before credit costs for trust accounts		56,612			52,269			4,342
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		7,009			6,284			724
Other trust fees		49,603			45,985			3,618
Credit costs for trust accounts (1)		—			—			—
Net interest income		74,910			73,392			1,517
Net fees and commissions		87,051			104,437			(17,386	)
Net trading profits		699			12,972			(12,272	)
Net other operating profits		4,797			6,079			(1,282	)
Net gains (losses) on debt securities		(1,822	)		10,511			(12,334	)
General and administrative expenses		134,591			147,030			(12,439	)
Amortization of goodwill		539			677			(138	)
Net operating profits before credit costs for trust accounts, provision for general allowance for credit losses and amortization of goodwill		90,019			102,799			(12,780	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		89,479			102,121			(12,641	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits*		89,479			102,121			(12,641	)
Net non-recurring gains (losses)		607			18,639			(18,031	)
Credit costs (3)		(612	)		(7,755	)		7,143
Losses on loan write-offs		(612	)		(49	)		(563	)
Provision for specific allowance for credit losses		—			—			—
Other credit costs		—			(7,706	)		7,706
Reversal of allowance for credit losses (4)		2,714			13,049			(10,334	)
Reversal of reserve for contingent losses included in credit costs (5)		1			—			1
Gains on loans written-off (6)		19			526			(507	)
Net gains (losses) on equity securities		6,617			11,800			(5,182	)
Gains on sales of equity securities		7,122			13,660			(6,537	)
Losses on sales of equity securities		(358	)		(1,645	)		1,286
Losses on write-down of equity securities		(145	)		(214	)		68
Profits (losses) from investments in affiliates		923			3,444			(2,521	)
Other non-recurring gains (losses)		(9,056	)		(2,426	)		(6,630	)

Ordinary profits		90,087			120,760			(30,673	)

Net extraordinary gains (losses)		13,148			33,776			(20,627	)
Net gains (losses) on disposition of fixed assets		6,892			(436	)		7,328
Losses on impairment of fixed assets		(1,072	)		(14,483	)		13,411
Gains on exchange of shares of affiliates		—			48,695			(48,695	)
Profits before income taxes		103,235			154,536			(51,300	)
Income taxes-current		10,676			47,228			(36,552	)
Income taxes-deferred		18,502			970			17,531
Total taxes		29,178			48,199			(19,020	)
Profits		74,056			106,337			(32,280	)
Profits attributable to non-controlling interests		2,021			4,960			(2,938	)

Profits attributable to owners of parent		72,034			101,376			(29,341	)

Note:

* Net operating profits = Net operating profits of TB + Other consolidated entities’ gross profits - Other consolidated entities’ general and administrative expenses - Other consolidated entities’ provision for general allowance for credit losses - Amortization of goodwill - Inter-company transactions


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)	2,122	5,819	(3,697	)

Number of consolidated subsidiaries	55	49	6
Number of affiliated companies accounted for under the equity method	7	8	(1	)

TB Consolidated(combined operating results of TB and transferred entities to Intermediate Holding Company in the United States) In July 2016 and July 2017, to comply with the financial regulations in the United States, TB transferred the interests in its subsidiaries in the United States to the Intermediate Holding Company(“IHC”) in United States which are owned by BK and MUFG.

The combined operating results of TB and transferred entities are as follows(the operating results of transferred entities are prepared for managerial accounting purpose):


Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses	90,768	102,156	(11,387	)
Profits attributable to owners of parent	72,931	101,397	(28,466	)
Number of the entities transferred to IHC	3	3	—

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated


	(in millions of yen)

	For the six months ended						Increase (Decrease) (A) - (B)

	September 30, 2018 (A)			September 30, 2017 (B)

Gross profits		171,491			203,670			(32,178	)
Gross profits before credit costs for trust accounts		171,491			203,670			(32,178	)
Domestic gross profits		134,895			135,844			(949	)
Trust fees		49,912			45,789			4,122
Trust fees before credit costs for trust accounts		49,912			45,789			4,122
Money trusts fees (Jointly operated designated money trusts before credit costs for trust account)		7,009			6,284			724
Other trust fees		42,902			39,505			3,397
Credit costs for trust accounts (1)		—			—			—
Net interest income		39,537			46,492			(6,955	)
Net fees and commissions		40,661			50,064			(9,403	)
Net trading profits		(666	)		(3,278	)		2,611
Net other operating profits		5,450			(3,223	)		8,674
Net gains (losses) on debt securities		3,460			3,539			(78	)
Non-domestic gross profits		36,596			67,825			(31,228	)
Net interest income		41,920			44,755			(2,835	)
Net fees and commissions		764			3,158			(2,393	)
Net trading profits		(109	)		13,645			(13,755	)
Net other operating profits		(5,979	)		6,264			(12,244	)
Net gains (losses) on debt securities		(5,220	)		6,972			(12,193	)
General and administrative expenses		91,589			99,314			(7,725	)
Personnel expenses		30,568			36,463			(5,894	)
Non-personnel expenses		55,645			56,522			(877	)
Taxes		5,375			6,328			(953	)
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		79,902			104,355			(24,453	)
Provision for general allowance for credit losses (2)		—			—			—
Net operating profits		79,902			104,355			(24,453	)
Net non-recurring gains (losses)		1,187			17,326			(16,139	)
Credit costs (3)		(821	)		(7,708	)		6,887
Reversal of allowance for credit losses (4)		2,830			13,035			(10,205	)
Reversal of reserve for contingent losses included in credit costs (5)		—			—			—
Gains on loans written-off (6)		5			505			(499	)
Net gains (losses) on equity securities		6,613			11,800			(5,186	)
Gains on sales of equity securities		7,122			13,660			(6,537	)
Losses on sales of equity securities		(358	)		(1,645	)		1,286
Losses on write-down of equity securities		(150	)		(214	)		64
Other non-recurring gains (losses)		(7,440	)		(305	)		(7,134	)

Ordinary profits		81,089			121,682			(40,592	)

Net extraordinary gains (losses)		14,203			49,025			(34,822	)
Net gains (losses) on disposition of fixed assets		6,901			(428	)		7,329
Losses on impairment of fixed assets		(1,070	)		(3,358	)		2,287
Gains on exchange of shares of affiliates		—			52,811			(52,811	)
Income before income taxes		95,292			170,707			(75,415	)
Income taxes-current		6,100			42,173			(36,072	)
Income taxes-deferred		18,112			2,437			15,674
Total taxes		24,213			44,611			(20,398	)

Net income		71,079			126,096			(55,016	)


(Reference)
Total credit costs (1)+(2)+(3)+(4)+(5)+(6)		2,014			5,832			(3,817	)
Credit costs for trust accounts		—			—			—
Provision for general allowance for credit losses		2,821			16,708			(13,887	)
Provision for special allowance for credit losses		9			(3,673	)		3,682
Allowance for credit to specific foreign borrowers		—			0			(0	)
Losses on loans write-offs		(589	)		(11	)		(577	)
Provision for contingent losses included in credit costs		(232	)		(7,697	)		7,464
Gains on loans written-off		5			505			(499	)
Losses on sales of other loans, etc.		—			—			—

Mitsubishi UFJ Financial Group, Inc.

2. Average Interest Rate Spread

BK Non-consolidated


	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2018 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2017 (B)
Total average interest rate on interest-earning assets (a)		0.69		0.15			0.54
Average interest rate on loans and bills discounted (b)		0.81		(0.07	)		0.88
Average interest rate on securities		1.43		0.71			0.71
Total average interest rate on interest-bearing liabilities (c) <including general and administrative expenses>		0.52		(0.03	)		0.56
Average interest rate on deposits and NCD (d)		0.00		(0.00	)		0.00
Average interest rate on other liabilities		0.20		0.00			0.19
Overall interest rate spread (a)-(c)		0.17		0.19			(0.01	)
Interest rate spread (b)-(d)		0.81		(0.06	)		0.88

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.85		(0.09	)		0.95
Interest rate spread (e)-(d)		0.84		(0.09	)		0.94

TB Non-consolidated

	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2018 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2017 (B)
Total average interest rate on interest-earning assets (a)		0.60		0.05			0.54
Average interest rate on loans and bills discounted (b)		0.40		(0.06	)		0.46
Average interest rate on securities		1.79		0.60			1.19
Total average interest rate on interest-bearing liabilities (c)		0.12		0.03			0.09
Average interest rate on deposits and NCD (d)		0.04		(0.02	)		0.07
Overall interest rate spread (a)-(c)		0.47		0.02			0.45
Interest rate spread (b)-(d)		0.35		(0.03	)		0.39

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (e)		0.61		0.10			0.50
Interest rate spread (e)-(d)		0.56		0.13			0.43

BK and TB Combined

	(percentage per annum)
(Domestic business segment)	For the six months ended September 30, 2018 (A)		Increase (Decrease) (A) - (B)			For the six months ended September 30, 2017 (B)
Average interest rate on loans and bills discounted (a)		0.78		(0.02	)		0.81
Average interest rate on deposits and NCD (b)		0.00		(0.00	)		0.01
Interest rate spread (a)-(b)		0.77		(0.02	)		0.79

(After excluding loans to the Japanese government and governmental organizations)
Average interest rate on loans and bills discounted (c)		0.83		(0.03	)		0.87
Interest rate spread (c)-(b)		0.82		(0.02	)		0.85

Mitsubishi UFJ Financial Group, Inc.

3. Notional Principal by the Remaining Life of the Interest Rate Swaps for Hedge-Accounting

MUFG Consolidated

(in billions of yen)

As of September 30, 2018

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

518.8

4,995.0

13,984.3

19,498.3

Receive-floater/pay-fix

317.0

6,361.0

2,266.5

8,944.5

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

835.8

11,356.0

16,250.9

28,442.8

BK Consolidated

(in billions of yen)

As of September 30, 2018

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

432.1

4,298.8

13,890.7

18,621.7

Receive-floater/pay-fix

20.1

4,572.8

754.1

5,347.0

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

452.2

8,871.7

14,644.8

23,968.8

TB Consolidated

(in billions of yen)

As of September 30, 2018

within 1 year

1 year to 5 years

over 5 years

Total

Receive-fix/pay-floater

86.7

696.1

93.6

876.5

Receive-floater/pay-fix

297.1

1,743.0

1,499.0

3,539.2

Receive-floater/pay-floater

—

Receive-fix/pay-fix

—

Total

383.8

2,439.2

1,592.6

4,415.7

Mitsubishi UFJ Financial Group, Inc.

4. Securities

MUFG Consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, beneficiary rights to the trust in “Monetary claims bought” and others in addition to “Securities”.

Fair Value Information on Securities


	(in millions of yen)
	As of September 30, 2018									As of March 31, 2018
	Amount on consolidated balance sheet		Differences			Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Debt securities being held to maturity		4,196,473		10,550			45,427		34,876		3,593,058		37,990			55,058		17,068
Domestic bonds		1,100,764		33,485			33,485		—		1,100,828		40,211			40,211		—
Government bonds		1,100,764		33,485			33,485		—		1,100,828		40,211			40,211		—
Municipal bonds		—		—			—		—		—		—			—		—
Corporate bonds		—		—			—		—		—		—			—		—
Other		3,095,708		(22,935	)		11,941		34,876		2,492,230		(2,221	)		14,847		17,068
Foreign bonds		1,220,208		(29,612	)		2,307		31,920		1,120,883		(9,438	)		6,408		15,846
Other		1,875,499		6,677			9,634		2,956		1,371,346		7,216			8,438		1,222

	(in millions of yen)
	As of September 30, 2018									As of March 31, 2018
	Amount on consolidated balance sheet		Differences			Gains		Losses		Amount on consolidated balance sheet		Differences			Gains		Losses
Available-for-sale securities		54,472,908		3,565,501			4,088,560		523,059		55,397,324		3,517,412			3,922,054		404,642
Domestic equity securities		5,779,091		3,497,895			3,534,048		36,152		5,541,043		3,220,193			3,258,960		38,767
Domestic bonds		25,507,851		230,339			251,928		21,589		26,980,627		305,519			313,043		7,524
Government bonds		20,584,281		199,755			209,910		10,154		22,450,541		259,042			261,077		2,035
Municipal bonds		1,776,266		(759	)		5,324		6,084		1,536,392		5,284			7,804		2,520
Corporate bonds		3,147,302		31,343			36,693		5,349		2,993,693		41,192			44,161		2,969
Other		23,185,965		(162,733	)		302,583		465,317		22,875,652		(8,300	)		350,049		358,350
Foreign equity securities		156,817		1,434			26,751		25,316		334,540		35,975			78,677		42,702
Foreign bonds		17,003,524		(275,723	)		63,651		339,374		17,448,342		(139,099	)		120,866		259,965
Other		6,025,623		111,554			212,180		100,625		5,092,769		94,823			150,505		55,682

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

The tables include negotiable certificates of deposit in “Cash and due from banks”, beneficiary rights to the trust in “Monetary claims bought” and others in addition to “Securities”.

Fair Value Information on Securities

(in millions of yen)

As of September 30, 2018

As of March 31, 2018

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Debt securities being held to maturity

2,057,366

35,455

37,941

2,485

1,909,933

44,573

45,248

674

Stocks of subsidiaries and affiliates

1,199,201

19,045

121,039

101,993

932,607

105,350

120,348

14,998

(in millions of yen)

As of September 30, 2018

As of March 31, 2018

Amount on
balance sheet

Differences

Gains

Losses

Amount on
balance sheet

Differences

Gains

Losses

Available-for-sale securities

38,228,303

2,875,286

3,110,622

235,335

38,764,391

2,757,167

2,981,731

224,564

Domestic equity securities

4,689,019

2,743,574

2,779,955

36,380

4,497,191

2,517,171

2,557,190

40,019

Domestic bonds

22,622,956

217,065

232,527

15,461

23,610,239

273,943

279,894

5,950

Other

10,916,327

(85,353

)

98,139

183,492

10,656,960

(33,947

)

144,646

178,593

Foreign equity securities

60,925

19,488

20,148

660

229,935

40,051

71,789

31,737

Foreign bonds

7,536,388

(106,356

)

21,490

127,847

7,663,006

(56,832

)

46,299

103,132

Other

3,319,012

1,514

56,500

54,985

2,764,018

(17,166

)

26,557

43,723

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity

(in millions of yen)

As of September 30, 2018

As of March 31, 2018

within
1 year

1 year to
5 years

5 years to
10 years

over
10 years

within
1 year

1 year to
5 years

5 years to
10 years

over
10 years

Domestic bonds

7,199,201

8,722,719

5,644,573

2,157,226

10,173,197

6,604,091

5,849,537

2,084,241

Government bonds

7,074,473

7,609,653

3,149,103

1,086,330

9,999,700

5,681,642

3,619,368

1,069,042

Municipal bonds

14,979

263,053

1,498,083

120

44,986

199,081

1,292,113

161

Corporate bonds

109,747

850,012

997,387

1,070,776

128,510

723,367

938,056

1,015,036

Other

1,665,603

1,757,719

1,896,682

4,623,993

1,927,595

2,038,470

2,361,263

3,264,675

Foreign bonds

1,490,527

889,654

1,427,848

3,706,528

1,577,259

1,390,215

1,878,365

2,793,885

Other

175,075

868,065

468,833

917,464

350,335

648,255

482,898

470,789

Total

8,864,804

10,480,439

7,541,256

6,781,219

12,100,792

8,642,562

8,210,801

5,348,916

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

The tables include beneficiary rights to the trust in “Monetary claims bought” in addition to “Securities”.

Fair Value Information on Securities


	(in millions of yen)
	As of September 30, 2018									As of March 31, 2018
	Amount on balance sheet		Differences			Gains		Losses		Amount on balance sheet		Differences			Gains		Losses
Debt securities being held to maturity		769,327		4,286			4,757		471		494,365		2,702			3,250		547
Stocks of subsidiaries and affiliates		57,653		2,043			2,043		—		7,190		413			413		—

	(in millions of yen)
	As of September 30, 2018									As of March 31, 2018
	Amount on balance sheet		Differences			Gains		Losses		Amount on balance sheet		Differences			Gains		Losses
Available-for-sale securities		12,492,480		714,010			908,105		194,094		12,874,815		745,891			861,604		115,712
Domestic equity securities		1,143,831		696,996			701,675		4,679		1,093,627		640,863			645,330		4,467
Domestic bonds		2,975,415		12,330			18,580		6,249		3,471,719		30,690			32,391		1,701
Other		8,373,233		4,683			187,849		183,166		8,309,468		74,338			183,881		109,542
Foreign equity securities		77,243		(25,263	)		45		25,308		91,065		(11,387	)		46		11,433
Foreign bonds		6,668,936		(68,208	)		44,771		112,979		7,025,849		(12,310	)		75,228		87,539
Other		1,627,053		98,154			143,032		44,878		1,192,552		98,036			108,606		10,569

Redemption schedule of Available-for-sale securities with maturities and debt securities being held to maturity
	(in millions of yen)
	As of September 30, 2018									As of March 31, 2018
	within 1 year		1 year to 5 years			5 years to 10 years		over 10 years		within 1 year		1 year to 5 years			5 years to 10 years		over 10 years
Domestic bonds		1,072,372		1,450,243			60,642		392,156		877,274		2,147,968			55,628		390,848
Government bonds		1,058,735		1,404,424			9,990		372,777		862,310		2,040,446			10,058		360,074
Municipal bonds		—		—			16		13		17		—			13		18
Corporate bonds		13,637		45,819			50,635		19,366		14,946		107,522			45,556		30,755
Other		762,628		2,242,979			2,377,711		2,775,292		697,169		2,241,610			2,707,396		2,496,534
Foreign bonds		663,349		1,836,543			2,197,986		2,735,925		677,858		1,837,867			2,507,902		2,493,315
Other		99,278		406,436			179,724		39,366		19,310		403,743			199,493		3,219

Total		1,835,000		3,693,223			2,438,354		3,167,449		1,574,444		4,389,579			2,763,024		2,887,383

Mitsubishi UFJ Financial Group, Inc.

5. ROE

MUFG Consolidated

(%)

For the six months
ended
September 30, 2018
(A)

Increase
(Decrease)
(A) - (B)

For the six months
ended
September 30, 2017
(B)

ROE

9.61

(0.02

)

9.63

Note:

ROE is computed as follows:


Profits attributable to owners of parent × 2			×100
{(Total shareholders’ equity at the beginning of the period + Foreign currency translation adjustments at the beginning of the period) + (Total shareholders’ equity at the end of the period + Foreign currency translation adjustments at the end of the period)} / 2

Mitsubishi UFJ Financial Group, Inc.

6. Risk-Adjusted Capital Ratio

MUFG Consolidated


	(in billions of yen)
	As of September 30, 2018 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
(1) Total capital ratio (4)/(7)		15.82	%		(0.73	)%		16.56	%
(2) Tier 1 capital ratio (5)/(7)		13.67	%		(0.64	)%		14.32	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		12.02	%		(0.56	)%		12.58	%
(4) Total capital		19,011.2			215.7			18,795.4
(5) Tier 1 capital		16,427.0			175.3			16,251.7
(6) Common Equity Tier 1 capital		14,446.1			161.2			14,284.9
(7) Risk weighted assets		120,127.1			6,663.5			113,463.6
(8) Required Capital (7)×8%		9,610.1			533.0			9,077.0

BK Consolidated

	(in billions of yen)
	As of September 30, 2018 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
(1) Total capital ratio (4)/(7)		14.04	%		(1.85	)%		15.90	%
(2) Tier 1 capital ratio (5)/(7)		12.01	%		(1.58	)%		13.59	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		10.50	%		(1.35	)%		11.85	%
(4) Total capital		14,692.5			222.2			14,470.2
(5) Tier 1 capital		12,573.1			199.1			12,374.0
(6) Common Equity Tier 1 capital		10,986.8			198.4			10,788.3
(7) Risk weighted assets		104,635.8			13,628.7			91,007.1
(8) Required Capital (7)×8%		8,370.8			1,090.3			7,280.5

TB Consolidated

	(in billions of yen)
	As of September 30, 2018 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
(1) Total capital ratio (4)/(7)		24.44	%		4.41	%		20.03	%
(2) Tier 1 capital ratio (5)/(7)		21.55	%		3.87	%		17.67	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		19.89	%		3.67	%		16.21	%
(4) Total capital		2,576.8			31.2			2,545.6
(5) Tier 1 capital		2,271.9			26.0			2,245.8
(6) Common Equity Tier 1 capital		2,096.5			36.4			2,060.1
(7) Risk weighted assets		10,540.3			(2,164.9	)		12,705.2
(8) Required Capital (7)×8%		843.2			(173.1	)		1,016.4

BK Non-consolidated

	(in billions of yen)
	As of September 30, 2018 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
(1) Total capital ratio (4)/(7)		15.08	%		(1.81	)%		16.90	%
(2) Tier 1 capital ratio (5)/(7)		12.99	%		(1.52	)%		14.51	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		11.28	%		(1.25	)%		12.54	%
(4) Total capital		13,653.5			442.2			13,211.3
(5) Tier 1 capital		11,759.7			415.6			11,344.0
(6) Common Equity Tier 1 capital		10,218.1			415.6			9,802.4
(7) Risk weighted assets		90,514.7			12,359.0			78,155.7
(8) Required Capital (7)×8%		7,241.1			988.7			6,252.4

TB Non-consolidated

	(in billions of yen)
	As of September 30, 2018 Preliminary (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
(1) Total capital ratio (4)/(7)		24.77	%		4.88	%		19.88	%
(2) Tier 1 capital ratio (5)/(7)		21.83	%		4.27	%		17.55	%
(3) Common Equity Tier 1 capital ratio (6)/(7)		20.14	%		3.96	%		16.18	%
(4) Total capital		2,566.4			37.1			2,529.3
(5) Tier 1 capital		2,261.8			29.1			2,232.7
(6) Common Equity Tier 1 capital		2,086.8			29.1			2,057.7
(7) Risk weighted assets		10,359.4			(2,357.1	)		12,716.6
(8) Required Capital (7)×8%		828.7			(188.5	)		1,017.3

Note:

Risk-adjusted capital ratio of MUFG is computed in accordance with the Notification of the Financial Services Agency No.20, 2006.

Risk-adjusted capital ratio of BK and TB are computed in accordance with the Notification of the Financial Services Agency No.19, 2006.

Mitsubishi UFJ Financial Group, Inc.

7. Risk-Monitored Loans

MUFG Consolidated


(1) Risk-Monitored Loans
	(in millions of yen)
	As of September 30, 2018 (A)		% to total loans and bills discounted			As of March 31, 2018 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		35,095		0.03	%		50,351		0.04	%		(15,256	)		(0.01	)%
Non-accrual delinquent loans		581,521		0.53	%		614,955		0.56	%		(33,433	)		(0.03	)%
Accruing loans contractually past due 3 months or more		17,619		0.01	%		29,193		0.02	%		(11,573	)		(0.01	)%
Restructured loans		337,569		0.31	%		577,277		0.53	%		(239,707	)		(0.22	)%

Total risk monitored loans		971,805		0.89	%		1,271,777		1.17	%		(299,971	)		(0.28	)%

Total loans and bills discounted		108,642,700		——			108,090,994		——			551,706			——

Written-off		324,640		——			361,108		——			(36,467	)		——
(2) Allowance for Credit Losses
	(in millions of yen)
	As of September 30, 2018 (A)		% to total risk monitored loans			As of March 31, 2018 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		689,898		70.99	%		807,139		63.46	%		(117,240	)		7.52	%
General allowance for credit losses		439,513		——			596,523		——			(157,010	)		——
Specific allowance for credit losses		249,773		——			210,058		——			39,715			——
Allowance for credit to specific foreign borrowers		611		——			556		——			55			——
(3) Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2018 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		620,549		887,090		(266,540	)
Overseas		351,256		384,687		(33,430	)
Asia		149,185		155,810		(6,624	)
Indonesia		6,290		8,678		(2,387	)
Singapore		10,119		14,380		(4,260	)
Thailand		121,424		125,943		(4,519	)
Hong Kong		784		706		77
Other		10,566		6,102		4,464
Americas		138,497		157,565		(19,068	)
Europe, Middle East and Other		63,573		71,311		(7,738	)

Total		971,805		1,271,777		(299,971	)

Classified by Industry


	(in millions of yen)
	As of September 30, 2018 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		620,549		887,090		(266,540	)
Manufacturing		91,884		329,574		(237,690	)
Construction		10,968		12,680		(1,712	)
Wholesale and retail		112,477		114,646		(2,169	)
Finance and insurance		1,663		997		666
Real estate, goods rental and leasing		42,160		49,909		(7,748	)
Services		39,722		42,988		(3,265	)
Other industries		25,002		25,666		(664	)
Consumer		296,669		310,626		(13,957	)
Overseas		351,256		384,687		(33,430	)
Financial institutions		963		3,765		(2,802	)
Commercial and industrial		266,011		299,559		(33,548	)
Other		84,281		81,362		2,919

Total		971,805		1,271,777		(299,971	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


(1) Risk-Monitored Loans
	(in millions of yen)
	As of September 30, 2018 (A)		% to total loans and bills discounted			As of March 31, 2018 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		24,701		0.02	%		41,846		0.05	%		(17,144	)		(0.02	)%
Non-accrual delinquent loans		333,955		0.37	%		356,775		0.45	%		(22,819	)		(0.07	)%
Accruing loans contractually past due 3 months or more		11,006		0.01	%		23,616		0.02	%		(12,609	)		(0.01	)%
Restructured loans		182,825		0.20	%		411,324		0.51	%		(228,499	)		(0.31	)%

Total risk monitored loans		552,490		0.61	%		833,563		1.05	%		(281,073	)		(0.43	)%

Total loans and bills discounted		89,146,823		——			79,213,244		——			9,933,578			——

Written-off		268,284		——			294,955		——			(26,670	)		——
(2) Allowance for Credit Losses
	(in millions of yen)
	As of September 30, 2018 (A)		% to total risk monitored loans			As of March 31, 2018 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		331,453		59.99	%		418,248		50.17	%		(86,795	)		9.81	%
General allowance for credit losses		188,251		——			313,783		——			(125,532	)		——
Specific allowance for credit losses		142,590		——			103,908		——			38,682			——
Allowance for credit to specific foreign borrowers		611		——			556		——			55			——

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2018 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		428,382		675,362		(246,980	)
Overseas		124,107		158,200		(34,093	)
Asia		21,866		22,849		(982	)
Indonesia		—		1,790		(1,790	)
Singapore		10,119		14,380		(4,260	)
Thailand		525		—		525
Hong Kong		784		706		77
Other		10,437		5,972		4,464
Americas		55,180		64,039		(8,859	)
Europe, Middle East and Other		47,060		71,311		(24,250	)

Total		552,490		833,563		(281,073	)


Classified by Industry
	(in millions of yen)
	As of September 30, 2018 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		428,382		675,362		(246,980	)
Manufacturing		91,866		306,658		(214,792	)
Construction		10,951		12,073		(1,121	)
Wholesale and retail		112,339		114,403		(2,063	)
Finance and insurance		1,660		993		666
Real estate		35,743		43,022		(7,278	)
Goods rental and leasing		2,058		1,970		88
Services		39,710		42,747		(3,036	)
Other industries		24,996		25,661		(665	)
Consumer		109,055		127,833		(18,777	)
Overseas		124,107		158,200		(34,093	)
Financial institutions		567		3,681		(3,114	)
Commercial and industrial		117,716		154,425		(36,708	)
Other		5,823		93		5,729

Total		552,490		833,563		(281,073	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2018 (A)		% to total loans and bills discounted			As of March 31, 2018 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		58		0.00	%		462		0.00	%		(404	)		(0.00	)%
Non-accrual delinquent loans		4,475		0.09	%		6,457		0.04	%		(1,981	)		0.04	%
Accruing loans contractually past due 3 months or more		315		0.00	%		308		0.00	%		7			0.00	%
Restructured loans		3,374		0.06	%		27,352		0.18	%		(23,978	)		(0.11	)%

Total risk monitored loans		8,224		0.16	%		34,582		0.23	%		(26,357	)		(0.06	)%

Total loans and bills discounted		4,844,795		——			14,514,713		——			(9,669,917	)		——

Written-off		592		——			7,383		——			(6,791	)		——

(2) Allowance for Credit Losses

	(in millions of yen)
	As of September 30, 2018 (A)		% to total risk monitored loans			As of March 31, 2018 (B)		% to total risk monitored loans			Increase (Decrease) (A) - (B)			% to total risk monitored loans
Allowance for credit losses		2,387		29.03	%		33,138		95.82	%		(30,750	)		(66.79	)%
General allowance for credit losses		1,805		——			32,378		——			(30,572	)		——
Specific allowance for credit losses		582		——			759		——			(177	)		——
Allowance for credit to specific foreign borrowers		—		——			0		——			(0	)		——

(3) Classification of Risk-Monitored Loans

Classified by Geographic Area


	(in millions of yen)
	As of September 30, 2018 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		8,224		34,071		(25,846	)
Overseas		—		510		(510	)
Asia		—		510		(510	)
Indonesia		—		—		—
Singapore		—		—		—
Thailand		—		510		(510	)
Hong Kong		—		—		—
Other		—		—		—
Americas		—		—		—
Europe, Middle East and Other		—		—		—

Total		8,224		34,582		(26,357	)


Classified by Industry

	(in millions of yen)
	As of September 30, 2018 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		8,224		34,071		(25,846	)
Manufacturing		—		22,898		(22,898	)
Construction		—		591		(591	)
Wholesale and retail		—		100		(100	)
Finance and insurance		—		—		—
Real estate		4,332		4,890		(558	)
Goods rental and leasing		—		—		—
Services		—		228		(228	)
Other industries		—		—		—
Consumer		3,892		5,363		(1,470	)
Overseas		—		510		(510	)
Financial institutions		—		—		—
Commercial and industrial		—		510		(510	)
Other		—		—		—

Total		8,224		34,582		(26,357	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Account

“Trust Account” represents trust account with contracts indemnifying the principal amounts.

(1) Risk-Monitored Loans


	(in millions of yen)
	As of September 30, 2018 (A)		% to total loans and bills discounted			As of March 31, 2018 (B)		% to total loans and bills discounted			Increase (Decrease) (A) - (B)			% to total loans and bills discounted
Loans to bankrupt borrowers		—		—			3		0.02	%		(3	)		(0.02	)%
Non-accrual delinquent loans		0		0.00	%		0		0.00	%		—			0.00	%
Accruing loans contractually past due 3 months or more		14		0.09	%		8		0.05	%		6			0.04	%
Restructured loans		176		1.17	%		220		1.36	%		(43	)		(0.18	)%

Total risk monitored loans		191		1.26	%		232		1.43	%		(40	)		(0.16	)%

Total loans and bills discounted		15,093		——			16,186		——			(1,093	)		——

(2) Allowance for Credit Losses


	(in millions of yen)
	As of September 30, 2018 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Allowance for bad debts		45		48		(3	)
(3) Classification of Risk-Monitored Loans Classified by Industry
	(in millions of yen)
	As of September 30, 2018 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		191		232		(40	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		175		183		(8	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		16		48		(31	)

Total		191		232		(40	)

Mitsubishi UFJ Financial Group, Inc.

8. Non Performing Loans Based on the Financial Reconstruction Law (the “FRL”)

BK and TB Combined including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2018 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		98,916			118,812			(19,895	)
Doubtful		353,321			344,145			9,176
Special Attention		197,645			462,747			(265,101	)
Non Performing Loans (1)		649,884			925,704			(275,820	)

Normal		103,718,319			103,740,073			(21,754	)

Total		104,368,203			104,665,778			(297,575	)

Non Performing Loans / Total		0.62	%		0.88	%		(0.26	)%

(2) Status of Coverage of Non Performing Loans

	(in millions of yen)
	As of September 30, 2018 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		540,720			749,950			(209,229	)
Allowance for credit losses		197,321			280,523			(83,202	)
Collateral, guarantees, etc.		343,399			469,426			(126,027	)

Coverage ratio (2) / (1)		83.20	%		81.01	%		2.18	%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount (A)

Allowance for
credit losses (B)

Covered by
collateral and/or
guarantees (C)

Coverage ratio for
unsecured portion
(B) / [(A) - (C)]

Coverage ratio
[(B) + (C)] / (A)

Bankrupt or De facto Bankrupt

98,916

5,626

93,290

——

100.00

[118,812

]

[ 7,956

]

[110,856

]

[100.00

Doubtful

353,321

136,000

156,335

——

82.73

[344,145

]

[95,621

]

[173,843

]

[78.29

Special Attention

197,645

55,694

93,773

——

75.62

[462,747

]

[176,945

]

[184,727

]

[78.15

Total

649,884

197,321

343,399

——

83.20

[925,704

]

[280,523

]

[469,426

]

[81.01

Note: The upper figures are as of September 30, 2018. The lower figures with brackets are as of March 31, 2018.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2018 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		520,476		716,305		(195,829	)
Manufacturing		92,491		329,923		(237,432	)
Construction		10,982		12,755		(1,773	)
Wholesale and retail		114,926		117,615		(2,688	)
Finance and insurance		2,074		1,448		625
Real estate		40,421		48,271		(7,849	)
Goods rental and leasing		2,058		1,970		88
Services		118,130		43,501		74,628
Other industries		26,214		27,318		(1,104	)
Consumer		113,176		133,500		(20,323	)
Overseas		129,408		209,398		(79,990	)
Financial institutions		760		3,862		(3,101	)
Commercial and industrial		122,824		205,442		(82,618	)
Other		5,823		93		5,729

Total		649,884		925,704		(275,820	)

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated


(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2018 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		98,109			117,413			(19,303	)
Doubtful		349,432			338,442			10,990
Special Attention		193,832			434,940			(241,108	)
Non Performing Loans (1)		641,373			890,796			(249,422	)

Normal		98,757,906			88,874,301			9,883,604

Total		99,399,280			89,765,097			9,634,182

Non Performing Loans / Total		0.64	%		0.99	%		(0.34	)%

(2) Status of Coverage of Non Performing Loans

	(in millions of yen)
	As of September 30, 2018 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		532,837			718,588			(185,751	)
Allowance for credit losses		197,033			267,342			(70,309	)
Collateral, guarantees, etc.		335,804			451,245			(115,441	)

Coverage ratio (2) / (1)		83.07	%		80.66	%		2.40	%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount (A)

Allowance for
credit losses (B)

Covered by
collateral and/or
guarantees (C)

Coverage ratio for
unsecured portion
(B) / [(A) - (C)]

Coverage ratio
[(B) + (C)] / (A)

Bankrupt or De facto Bankrupt

98,109

5,541

92,567

100.00

[117,413

]

[ 7,871

]

[109,542

]

[100.00

Doubtful

349,432

135,956

152,632

69.08

82.58

[338,442

]

[95,405

]

[168,699

]

[56.20

[78.03

Special Attention

193,832

55,535

90,603

53.79

75.39

[434,940

]

[164,066

]

[173,004

]

[62.63

[77.49

Total

641,373

197,033

335,804

64.48

83.07

[890,796

]

[267,342

]

[451,245

]

[60.82

[80.66

Note:

The upper figures are as of September 30, 2018. The lower figures with brackets are as of March 31, 2018.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2018 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		511,965		681,908		(169,942	)
Manufacturing		92,491		307,025		(214,534	)
Construction		10,982		12,164		(1,182	)
Wholesale and retail		114,926		117,515		(2,588	)
Finance and insurance		2,074		1,448		625
Real estate		35,914		43,196		(7,282	)
Goods rental and leasing		2,058		1,970		88
Services		118,130		43,273		74,856
Other industries		26,214		27,318		(1,104	)
Consumer		109,173		127,994		(18,821	)
Overseas		129,408		208,888		(79,479	)
Financial institutions		760		3,862		(3,101	)
Commercial and industrial		122,824		204,932		(82,107	)
Other		5,823		93		5,729

Total		641,373		890,796		(249,422	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2018 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		807			1,395			(587	)
Doubtful		3,821			5,619			(1,798	)
Special Attention		3,690			27,661			(23,971	)
Non Performing Loans (1)		8,318			34,676			(26,357	)

Normal		4,945,510			14,849,817			(9,904,306	)

Total		4,953,829			14,884,494			(9,930,664	)

Non Performing Loans / Total		0.16	%		0.23	%		(0.06	)%

(2) Status of Coverage of Non Performing Loans
	(in millions of yen)
	As of September 30, 2018 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		7,692			31,129			(23,437	)
Allowance for credit losses		287			13,180			(12,892	)
Collateral, guarantees, etc.		7,404			17,949			(10,545	)

Coverage ratio (2) / (1)		92.46	%		89.77	%		2.69	%

(3) Coverage Ratio

(in millions of yen)

Category

Loan amount (A)

Allowance for
credit losses (B)

Covered by
collateral and/
or guarantees (C)

Coverage ratio for
unsecured portion
(B) / [(A) - (C)]

Coverage ratio
[(B) + (C)] / (A)

Bankrupt or De facto Bankrupt

807

722

100.00

[1,395

]

[ 84

]

[1,310

]

[100.00

Doubtful

3,821

3,634

23.50

96.27

[5,619

]

[216

]

[5,060

]

[38.70

[93.90

Special Attention

3,690

159

3,046

24.74

86.87

[27,661

]

[12,879

]

[11,578

]

[80.07

[88.41

Total

8,318

287

7,404

31.47

92.46

[34,676

]

[13,180

]

[17,949

]

[78.79

[89.77

Note:

The upper figures are as of September 30, 2018. The lower figures with brackets are as of March 31, 2018.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2018 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		8,318		34,165		(25,846	)
Manufacturing		—		22,898		(22,898	)
Construction		—		591		(591	)
Wholesale and retail		—		100		(100	)
Finance and insurance		—		—		—
Real estate		4,332		4,890		(558	)
Goods rental and leasing		—		—		—
Services		—		228		(228	)
Other industries		—		—		—
Consumer		3,986		5,457		(1,470	)
Overseas		—		510		(510	)
Financial institutions		—		—		—
Commercial and industrial		—		510		(510	)
Other		—		—		—

Total		8,318		34,676		(26,357	)

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Non Performing Loans


	(in millions of yen)
	As of September 30, 2018 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Bankrupt or De facto Bankrupt		0			3			(3	)
Doubtful		68			83			(15	)
Special Attention		123			144			(21	)
Non Performing Loans (1)		191			232			(40	)

Normal		14,902			15,954			(1,052	)

Total		15,093			16,186			(1,093	)

Non Performing Loans / Total		1.26	%		1.43	%		(0.16	)%

(2) Status of Coverage of Non Performing Loans

	(in millions of yen)
	As of September 30, 2018 (A)			As of March 31, 2018 (B)			Increase (Decrease) (A) - (B)
Covered amount (2)		191			232			(40	)
Allowance for credit losses		—			—			—
Collateral, guarantees, etc.		191			232			(40	)

Coverage ratio (2) / (1)		100.00	%		100.00	%		0.00	%
(3) Coverage Ratio

(in millions of yen)

Category

Loan amount (A)

Allowance for
credit losses (B)

Covered by
collateral and/
or guarantees (C)

Coverage ratio for
unsecured portion
(B) / [(A) - (C)]

Coverage ratio
[(B) + (C)] / (A)

Bankrupt or De facto Bankrupt

]

—

[—

]

——

100.00

[100.00

Doubtful

[83

]

—

[—

]

[83

]

——

100.00

[100.00

Special Attention

123

[144

]

—

[—

]

123

[144

]

——

100.00

[100.00

Total

191

[232

]

—

[—

]

191

[232

]

——

100.00

[100.00

Note: The upper figures are as of September 30, 2018. The lower figures with brackets are as of March 31, 2018.

(4) Classified by Industry


	(in millions of yen)
	As of September 30, 2018 (A)		As of March 31, 2018 (B)		Increase (Decrease) (A) - (B)
Domestic		191		232		(40	)
Manufacturing		—		—		—
Construction		—		—		—
Wholesale and retail		—		—		—
Finance and insurance		—		—		—
Real estate		175		183		(8	)
Goods rental and leasing		—		—		—
Services		—		—		—
Other industries		—		—		—
Consumer		16		48		(31	)

Total		191		232		(40	)

Mitsubishi UFJ Financial Group, Inc.

Overview of Non-Performing Loans

BK and TB Combined

(in billions of yen)

Self-Assessment

Coverage
ratio for
unsecured
portion

Non-Performing Loans
Based on the “FRL”

Risk-Monitored Loans

Category of
Borrowers

Classification

Non-
Classification

Classification
II

Classification
III

Classification
IV

Bankrupt
Borrowers

[93.2]

[4.0]

[1.6]

(*1)

100.00%

i) Bankrupt or

De facto Bankrupt

[98.9]

Loans to bankrupt borrowers

[24.7]

Substantially
Bankrupt
Borrowers

Non-accrual

delinquent loans

[338.4]

Potentially
Bankrupt
Borrowers

[156.2]

[196.9]

69.04%

ii) Doubtful

[353.2]

Borrowers
Requiring
Caution
(Special
Attention
Borrowers)

[197.5]

53.61%

iii) Special Attention

[197.5]

Accruing loans contractually past due

3 months or more

[11.3]

Restructured loans

[186.1]

Borrowers
Requiring
Caution
(Other
Borrowers)

iv) Normal

[103,703.4]

Normal
Borrowers

Non-Performing Loans Based on the “FRL”

Risk-Monitored Loans

i) + ii) + iii)

649.6

560.7

Total

i) + ii) + iii) + iv)

104,353.1

(*1)	“Customers’ liabilities for acceptances and guarantees” in Classification IV are fully reserved.

Mitsubishi UFJ Financial Group, Inc.

9. Progress in Disposition of Problem Assets

BK Non-consolidated

(1) Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRL”


	(in millions of yen)
	As of March 31, 2016		As of March 31, 2017		As of March 31, 2018 (A)		As of September 30, 2018 (B)		(B) - (A)
Assets newly categorized during fiscal 2015		500,907		96,342		72,005		64,498		(7,506	)
Assets newly categorized during fiscal 2016				156,527		66,294		50,784		(15,510	)
Assets newly categorized during fiscal 2017						125,207		44,874		(80,332	)
Assets newly categorized during fiscal 2018								125,898

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the first half of the fiscal year ended September 30, 2018
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		9,313
Reconstructive treatment		5,291
Upgrade due to reconstructive treatment		—
Loan sold to secondary market		78
Write-offs		8,505
Others		111,022
Collection / Repayment		32,668
Upgrade		78,354

Total		134,212		28,197		106,015


Amount in process for disposition		81,461

Note:

The process for disposition consists of legal liquidation, quasi-legal liquidation, company splits to good companies and bad companies, partial direct write-offs of retail exposure to individuals and small/medium-sized companies, and trusts to The Resolution and Collection Corporation mainly for the purpose of revitalization of companies, which are scheduled to be off-balanced before their maturities.

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated including Trust Account

“Trust account” represents trust account with contracts indemnifying the principal amounts.

(1) Bankrupt or De facto Bankrupt and Doubtful Assets Based on the “FRL”


	(in millions of yen)
	As of March 31, 2016		As of March 31, 2017		As of March 31, 2018 (A)		As of September 30, 2018 (B)		(B) - (A)
Assets newly categorized during fiscal 2015		18,743		883		718		304		(413	)
Assets newly categorized during fiscal 2016				1,872		643		516		(127	)
Assets newly categorized during fiscal 2017						1,319		651		(668	)
Assets newly categorized during fiscal 2018								840

(2) Progress in Disposition of Problem Assets


	(in millions of yen)
	For the first half of the fiscal year ended September 30, 2018
			Bankrupt or De facto Bankrupt		Doubtful
Liquidation		—
Reconstructive treatment		—
Upgrade due to reconstructive treatment		—
Loan sold to secondary market		—
Write-offs		6
Others		3,239
Collection / Repayment		1,958
Upgrade		1,280

Total		3,245		578		2,666


Amount in process for disposition		895

Note:

Mitsubishi UFJ Financial Group, Inc.

10.

Loans Classified by Type of Industry, Domestic Consumer Loans, Domestic Loans to Small/Medium-Sized Companies and Proprietors

BK and TB Combined including Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Domestic offices (excluding loans booked at offshore markets)		66,928,851			158,130			66,770,721
Manufacturing		9,500,796			(112,550	)		9,613,346
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		150,718			11,578			139,140
Construction		667,576			(68,745	)		736,321
Utilities		1,900,123			71,240			1,828,883
Communication and information services		1,326,956			(20,864	)		1,347,820
Transport and postal activities		2,306,831			91,396			2,215,435
Wholesale and retail		6,387,268			(58,887	)		6,446,155
Finance and insurance		9,564,150			1,113,325			8,450,825
Real estate		8,927,789			(58,353	)		8,986,142
Goods rental and leasing		2,158,116			66,974			2,091,142
Services		2,694,865			(65,378	)		2,760,243
Municipal government		627,658			(78,513	)		706,171
Other industries (including loans to the Japanese government)		20,715,999			(733,084	)		21,449,083
Overseas offices and loans booked at offshore markets		27,431,790			167,797			27,263,992

Total		94,360,641			325,928			94,034,713

(2) Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Total domestic consumer loans		16,029,616			(243,457	)		16,273,074
Housing loans		15,225,437			(228,505	)		15,453,943
Residential purpose		13,276,338			(175,141	)		13,451,480
Other		804,178			(14,952	)		819,131
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Outstanding amount		39,279,973			(948,934	)		40,228,907
% to total domestic loans		58.68	%		(1.56	)%		60.24	%

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Domestic offices (excluding loans booked at offshore markets)		61,749,429			7,672,291			54,077,138
Manufacturing		9,500,671			1,697,612			7,803,059
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		150,718			13,737			136,981
Construction		667,576			21,359			646,217
Utilities		1,855,123			480,629			1,374,494
Communication and information services		1,320,499			230,733			1,089,766
Transport and postal activities		2,284,024			736,700			1,547,324
Wholesale and retail		6,387,220			743,917			5,643,303
Finance and insurance		7,465,041			1,702,494			5,762,547
Real estate		8,777,897			1,654,612			7,123,285
Goods rental and leasing		2,158,116			811,482			1,346,634
Services		2,660,455			28,544			2,631,911
Municipal government		623,009			(76,543	)		699,552
Other industries (including loans to the Japanese government)		17,899,080			(372,985	)		18,272,065
Overseas offices and loans booked at offshore markets		27,397,393			2,261,287			25,136,106

Total		89,146,823			9,933,578			79,213,244

(2) Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Total domestic consumer loans		14,768,279			(193,491	)		14,961,771
Housing loans		13,967,441			(178,916	)		14,146,358
Residential purpose		12,138,869			(132,542	)		12,271,411
Other		800,837			(14,575	)		815,413
(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Outstanding amount		36,977,180			2,926,883			34,050,297
% to total domestic loans		59.88	%		(3.08	%)		62.96	%

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Domestic offices (excluding loans booked at offshore markets)		4,810,399			(7,576,427	)		12,386,827
Manufacturing		125			(1,810,162	)		1,810,287
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—			(2,159	)		2,159
Construction		—			(90,104	)		90,104
Utilities		—			(454,389	)		454,389
Communication and information services		6,457			(251,597	)		258,054
Transport and postal activities		2,807			(645,304	)		648,111
Wholesale and retail		48			(802,804	)		802,852
Finance and insurance		2,034,162			(618,452	)		2,652,614
Real estate		146,203			(1,712,361	)		1,858,564
Goods rental and leasing		—			(744,508	)		744,508
Services		34,410			(93,922	)		128,332
Municipal government		—			(1,946	)		1,946
Other industries (including loans to the Japanese government)		2,586,184			(348,712	)		2,934,896
Overseas offices and loans booked at offshore markets		34,396			(2,093,489	)		2,127,886

Total		4,844,795			(9,669,917	)		14,514,713


(2) Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Total domestic consumer loans		1,254,579			(49,483	)		1,304,063
Housing loans		1,251,264			(49,113	)		1,300,378
Residential purpose		1,131,170			(42,194	)		1,173,364
Other		3,314			(370	)		3,685

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Outstanding amount		2,038,268			(3,861,925	)		5,900,193
% to total domestic loans		42.37	%		(5.26	)%		47.63	%

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated: Trust Accounts

(1) Loans Classified by Type of Industry


	(in millions of yen)
	As of September 30, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Domestic offices (excluding loans booked at offshore markets)		369,022			62,266			306,755
Manufacturing		—			—			—
Agriculture, forestry, fishery, mining, quarrying of stone and gravel		—			—			—
Construction		—			—			—
Utilities		45,000			45,000			—
Communication and information services		—			—			—
Transport and postal activities		20,000			—			20,000
Wholesale and retail		—			—			—
Finance and insurance		64,947			29,283			35,664
Real estate		3,689			(604	)		4,293
Goods rental and leasing		—			—			—
Services		—			—			—
Municipal government		4,649			(24	)		4,673
Other industries (including loans to the Japanese government)		230,735			(11,387	)		242,122
Overseas offices and loans booked at offshore markets		—			—			—

Total		369,022			62,266			306,755


(2) Domestic Consumer Loans
	(in millions of yen)
	As of September 30, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Total domestic consumer loans		6,756			(482	)		7,238
Housing loans		6,730			(475	)		7,206
Residential purpose		6,299			(404	)		6,703
Other		25			(6	)		32

(3) Domestic Loans to Small/Medium-Sized Companies and Proprietors
	(in millions of yen)
	As of September 30, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Outstanding amount		264,525			(13,892	)		278,417
% to total domestic loans		71.68	%		(19.07	)%		90.76	%

Mitsubishi UFJ Financial Group, Inc.

11. Overseas Loans

BK Consolidated excl. MUAH, KS


	(in millions of yen)
	As of September 30, 2018 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Americas		10,129,854		1,077,319			9,052,534
United States of America		7,722,722		941,951			6,780,770
Canada		948,706		355,429			593,276
Brazil		554,813		(16,800	)		571,614
Mexico		480,936		9,513			471,423
Others		422,674		(212,775	)		635,450
Asia/Oceania		11,836,226		274,791			11,561,435
Hong Kong		2,714,495		(198,570	)		2,913,065
China		1,506,172		(70,737	)		1,576,909
Singapore		1,491,927		133,893			1,358,033
Australia		1,355,257		(77,337	)		1,432,595
Indonesia		970,539		103,114			867,425
India		905,400		59,980			845,419
Malaysia		799,947		124,566			675,380
Taiwan		602,659		13,036			589,623
South Korea		523,592		53,011			470,580
New Zealand		318,032		54,182			263,849
Vietnam		214,776		17,026			197,750
Others		433,425		62,623			370,802
EMEA		8,282,601		(56,157	)		8,338,759
United Kingdom		2,044,095		(137,764	)		2,181,860
Netherlands		965,417		(143,713	)		1,109,131
Germany		646,818		190,399			456,418
Saudi Arabia		599,361		30,446			568,914
France		477,220		(10,113	)		487,334
Turkey		308,460		18,028			290,431
UAE		286,084		(33,970	)		320,055
Qatar		262,895		(20,355	)		283,251
Switzerland		230,605		65,722			164,883
Italy		207,440		17,397			190,043
Belgium		200,509		5			200,504
Luxembourg		193,072		(24,757	)		217,830
Ireland		192,382		35,380			157,001
South Africa		177,750		7,184			170,566
Poland		120,176		(5,288	)		125,464
Russian		114,490		12,910			101,580
Spain		111,804		(35,315	)		147,120
Others		1,144,015		(22,352	)		1,166,367

Total		30,248,682		1,295,953			28,952,729

Note1:

Mitsubishi UFJ Trust and Banking Corporation(“TB”)’s corporate loan-related businesses were transferred to MUFG Bank(“BK”) on April 16th. Previously, “11. Overseas Loans” have been presented on a [ BK and TB Combined ] basis. From this period, it was changed to present on [ BK Consolidated excl. MUAH, KS ] basis.

In addition, TB’s amount was included in the loan balances as of March 31, 2018.

Note2:

MUAH (MUFG Americas Holdings Corporation) and KS (Bank of Ayudhya Public Company Limited) have the following loan balances in the consolidated financial statements.

(in millions of yen)

As of
September 30, 2018
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2018
(B)

MUAH

8,894,771

85,730

8,809,041

4,145,635

123,166

4,022,469

Mitsubishi UFJ Financial Group, Inc.

12. Loans and Deposits

BK and TB Combined


	(in millions of yen)
	As of September 30, 2018 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Deposits (ending balance)		162,578,340		1,778,563			160,799,777
Deposits (average balance)		165,011,459		6,885,486			158,125,973
Loans (ending balance)		93,991,619		263,661			93,727,957
Loans (average balance)		96,008,773		802,303			95,206,469
BK Non-consolidated
	(in millions of yen)
	As of September 30, 2018 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Deposits (ending balance)		148,848,377		3,355,747			145,492,629
Deposits (average balance)		150,966,305		7,747,863			143,218,442
Loans (ending balance)		89,146,823		9,933,578			79,213,244
Loans (average balance)		90,161,040		9,244,093			80,916,947
TB Non-consolidated
	(in millions of yen)
	As of September 30, 2018 (A)		Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Deposits (ending balance)		13,729,963		(1,577,184	)		15,307,147
Deposits (average balance)		14,045,154		(862,377	)		14,907,531
Loans (ending balance)		4,844,795		(9,669,917	)		14,514,713
Loans (average balance)		5,847,732		(8,441,789	)		14,289,522

Mitsubishi UFJ Financial Group, Inc.

13. Domestic Deposits

BK and TB Combined

(in millions of yen)

As of
September 30, 2018
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2018
(B)

Individuals

76,087,010

784,422

75,302,588

Corporations and others

63,360,200

225,519

63,134,680

Domestic deposits

139,447,211

1,009,941

138,437,269

Note: Amounts do not include negotiable certificates of deposit and JOM accounts.

BK Non-consolidated

(in millions of yen)

As of
September 30, 2018
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2018
(B)

Individuals

68,619,373

1,006,771

67,612,602

Corporations and others

58,684,217

1,585,983

57,098,234

Domestic deposits

127,303,590

2,592,754

124,710,836

Note: Amounts do not include negotiable certificates of deposit and JOM accounts.

TB Non-consolidated

(in millions of yen)

As of
September 30, 2018
(A)

Increase
(Decrease)
(A) - (B)

As of
March 31, 2018
(B)

Individuals

7,467,637

(222,348

)

7,689,986

Corporations and others

4,675,982

(1,360,463

)

6,036,446

Domestic deposits

12,143,620

(1,582,812

)

13,726,432

Note: Amounts do not include negotiable certificates of deposit and JOM accounts.

Mitsubishi UFJ Financial Group, Inc.

14. Status of Deferred Tax Assets

BK Non-consolidated

(1) Tax Effects of the Items Comprising Net Deferred Tax Assets


	(in billions of yen)
	As of September 30, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Deferred tax assets		470.5			(34.0	)		504.5
Allowance for credit losses		160.1			(34.9	)		195.0
Write-down on investment securities		93.8			(2.2	)		96.1
Unrealized losses on Available-for-sale securities		4.8			(0.9	)		5.7
Reserve for retirement benefits		96.0			(0.3	)		96.4
Reserve for contingent losses		26.7			(18.5	)		45.2
Depreciation and Impairment losses		34.1			1.4			32.7
Net deferred losses on hedging instruments		7.2			7.2			—
Other		157.9			9.2			148.6
Valuation allowance		(110.3	)		4.9			(115.3	)
Deferred tax liabilities		948.1			1.5			946.6
Unrealized gains on Available-for-sale securities		793.7			23.3			770.3
Net deferred gains on hedging instruments		—			(31.8	)		31.8
Revaluation gains on securities upon merger		60.2			(0.4	)		60.7
Gains on securities contributed to employees’ retirement benefits trust		46.9			—			46.9
Other		47.1			10.5			36.5
Net deferred tax assets		(477.6	)		(35.5	)		(442.0	)

(2) Net operating profits before provision for general allowance for credit losses and Taxable Income


	(in billions of yen)
	FY2013			FY2014			FY2015			FY2016			FY2017			Interim FY2018
Net operating profits before provision for general allowance for credit losses		855.9			931.4			888.1			666.9			554.3			273.4
Total credit costs		17.0			(70.7	)		(103.4	)		(25.4	)		56.0			171.4
Income before income taxes		984.7			860.2			884.7			632.2			580.0			510.3
Reconciliation to taxable income		(336.2	)		(12.6	)		(113.3	)		(86.2	)		(156.0	)		(375.4	)
Taxable income		648.5			847.5			771.3			546.0			424.0			134.9

(3) Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

We are classified as “2” because we are considered to be a company showing stable financial performance.

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Tax Effects of the Items Comprising Net Deferred Tax Assets


	(in billions of yen)
	As of September 30, 2018 (A)			Increase (Decrease) (A) - (B)			As of March 31, 2018 (B)
Deferred tax assets		37.3			(18.0	)		55.3
Gains on securities related to employees’ retirement benefits trust		27.5			(0.7	)		28.2
Write-down on investment securities		9.0			0.2			8.8
Allowance for credit losses		0.6			(10.7	)		11.4
Other		37.3			(4.4	)		41.8
Valuation allowance		(37.3	)		(2.2	)		(35.0	)
Deferred tax liabilities		297.4			1.2			296.1
Unrealized gains on available-for-sale securities		211.9			(8.2	)		220.2
Reserve for retirement benefits		65.9			9.4			56.4
Net deferred gains on hedging instruments		9.4			2.8			6.6
Other		10.0			(2.7	)		12.7
Net deferred tax assets		(260.1	)		(19.3	)		(240.8	)

(2) Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses and Taxable Income


	(in billions of yen)
	FY2013			FY2014			FY2015			FY2016			FY2017			Interim FY2018
Net operating profits before credit costs for trust accounts and provision for general allowance for credit losses		162.9			190.4			193.0			181.4			162.1			79.9
Total credit costs		18.0			(0.4	)		(0.2	)		(22.5	)		23.4			2.0
Income before income taxes		184.4			201.4			218.6			156.3			249.7			95.2
Reconciliation to taxable income		(94.3	)		(40.4	)		(68.1	)		1.8			(69.5	)		(69.9	)
Taxable income		90.1			160.9			150.4			158.1			180.2			25.3

(3) Classification Based on Prior Year Operating Results as Provided in the ASBJ Guidance No.26

We are classified as “2” because we are considered to be a company showing stable financial performance.

Mitsubishi UFJ Financial Group, Inc.

(Reference)

1. Financial Statements

BK Non-consolidated

(1)	Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2018			As of September 30, 2018
Assets:
Cash and due from banks		57,089,293			59,323,593
Call loans		1,278,814			184,086
Receivables under resale agreements		244,912			3,252,749
Receivables under securities borrowing transactions		4,490,725			—
Monetary claims bought		3,807,898			4,065,078
Trading assets		4,607,164			4,859,897
Money held in trust		27,072			23,486
Securities		43,375,328			43,194,138
Loans and bills discounted		79,213,244			89,146,823
Foreign exchanges		2,742,011			2,467,913
Other assets		7,109,731			6,552,311
Tangible fixed assets		867,544			870,046
Intangible fixed assets		373,598			387,923
Prepaid pension costs		280,049			290,877
Customers’ liabilities for acceptances and guarantees		7,157,429			7,105,671
Allowance for credit losses		(418,248	)		(331,453	)

Total assets		212,246,573			221,393,144

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2018			As of September 30, 2018
Liabilities:
Deposits		145,492,629			148,848,377
Negotiable certificates of deposit		5,331,764			5,159,839
Call money		382,944			281,631
Payables under repurchase agreements		7,117,130			13,673,880
Payables under securities lending transactions		5,677,815			382,023
Commercial papers		1,401,857			1,594,326
Trading liabilities		2,653,609			3,120,624
Borrowed money		15,791,852			20,417,737
Foreign exchanges		2,306,525			2,829,744
Bonds payable		2,509,716			2,348,113
Other liabilities		5,248,144			4,228,222
Reserve for bonuses		27,460			21,802
Reserve for bonuses to directors		96			47
Reserve for stocks payment		5,296			4,632
Reserve for retirement benefits		8,656			5,991
Reserve for loyalty award credits		1,342			1,539
Reserve for contingent losses		157,215			96,782
Deferred tax liabilities		442,022			477,611
Deferred tax liabilities for land revaluation		112,872			111,634
Acceptances and guarantees		7,157,429			7,105,671

Total liabilities		201,826,382			210,710,233

Net assets:
Capital stock		1,711,958			1,711,958
Capital surplus		3,878,275			3,878,275
Capital reserve		1,711,958			1,711,958
Other capital surplus		2,166,317			2,166,317
Retained earnings		3,299,706			3,590,586
Revenue reserve		190,044			190,044
Other retained earnings		3,109,661			3,400,542
Funds for retirement benefits		2,432			2,432
Other reserve		718,196			718,196
Earned surplus brought forward		2,389,032			2,679,913
Treasury stock		(645,700	)		(645,700	)

Total shareholders’ equity		8,244,239			8,535,120

Net unrealized gains (losses) on available-for-sale securities		1,885,661			1,948,619
Net deferred gains (losses) on hedging instruments		72,994			(15,411	)
Land revaluation excess		217,295			214,582

Total valuation and translation adjustments		2,175,951			2,147,790

Total net assets		10,420,190			10,682,910

Total liabilities and net assets		212,246,573			221,393,144

Mitsubishi UFJ Financial Group, Inc.

BK Non-consolidated

(2) Non-consolidated Statements of Income


(in millions of yen)	For the six months ended September 30, 2017		For the six months ended September 30, 2018
Ordinary income		1,570,415		1,902,928
Interest income		895,377		1,193,369
Interest on loans and bills discounted		574,564		736,516
Interest and dividends on securities		213,777		303,708
Fees and commissions		303,903		298,639
Trading income		33,895		11,481
Other operating income		184,458		125,183
Other ordinary income		152,780		274,254
Ordinary expenses		1,158,596		1,400,494
Interest expenses		394,247		615,675
Interest on deposits		121,757		192,709
Fees and commissions		84,775		88,553
Trading expenses		579		827
Other operating expenses		32,144		79,787
General and administrative expenses		594,187		585,428
Other ordinary expenses		52,661		30,221

Ordinary profits		411,819		502,433

Extraordinary gains		978		17,528
Extraordinary losses		11,210		9,589

Income before income taxes		401,586		510,372

Income taxes-current		94,380		29,669
Income taxes-deferred		12,941		57,303

Total taxes		107,322		86,972

Net income		294,264		423,400

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(1) Non-consolidated Balance Sheets


(in millions of yen)	As of March 31, 2018			As of September 30, 2018
Assets:
Cash and due from banks		11,987,067			13,845,772
Call loans		19,432			18,870
Receivables under securities borrowing transactions		115,696			121,444
Monetary claims bought		15			30,641
Trading assets		542,572			575,457
Money held in trust		113,606			105,077
Securities		13,665,278			13,632,099
Loans and bills discounted		14,514,713			4,844,795
Foreign exchanges		93,483			82,174
Other assets		869,371			1,027,864
Tangible fixed assets		140,358			136,461
Intangible fixed assets		65,777			68,932
Prepaid pension costs		304,525			335,016
Customers’ liabilities for acceptances and guarantees		236,964			23,264
Allowance for credit losses		(33,138	)		(2,387	)

Total assets		42,635,723			34,845,485

Mitsubishi UFJ Financial Group, Inc.


(in millions of yen)	As of March 31, 2018			As of September 30, 2018
Liabilities:
Deposits		15,307,147			13,729,963
Negotiable certificates of deposit		4,395,644			2,547,819
Call money		1,236,027			17,386
Payables under repurchase agreements		5,081,985			5,233,276
Payables under securities lending transactions		746,767			—
Commercial papers		531,309			680,857
Trading liabilities		73,981			71,036
Borrowed money		3,752,381			1,283,188
Foreign exchanges		42,709			43,014
Bonds payable		725,802			695,525
Due to trust accounts		7,163,530			7,241,100
Other liabilities		726,002			621,614
Reserve for bonuses		4,910			4,212
Reserve for bonuses to directors		62			32
Reserve for stocks payment		3,645			3,578
Reserve for retirement benefits		1,119			713
Reserve for contingent losses		13,218			14,217
Deferred tax liabilities		240,817			260,119
Deferred tax liabilities for land revaluation		4,232			4,232
Acceptances and guarantees		236,964			23,264

Total liabilities		40,288,258			32,475,152

Net assets:
Capital stock		324,279			324,279
Capital surplus		425,265			455,970
Capital reserve		250,619			250,619
Other capital surplus		174,646			205,351
Retained earnings		1,066,508			1,087,062
Revenue reserve		73,714			73,714
Other retained earnings		992,794			1,013,348
Funds for retirement benefits		710			710
Other reserve		138,495			138,495
Earned surplus brought forward		853,589			874,143

Total shareholders’ equity		1,816,053			1,867,311

Net unrealized gains (losses) on available-for-sale securities		516,851			483,509
Net deferred gains (losses) on hedging instruments		15,150			20,102
Land revaluation excess		(589	)		(590	)

Total valuation and translation adjustments		531,412			503,021

Total net assets		2,347,465			2,370,333

Total liabilities and net assets		42,635,723			34,845,485

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(2)	Non-consolidated Statements of Income


(in millions of yen)	For the six months ended September 30, 2017		For the six months ended September 30, 2018
Ordinary income		365,558		352,152
Trust fees		45,789		49,912
Interest income		178,472		210,171
Interest on loans and bills discounted		57,879		31,463
Interest and dividends on securities		107,868		140,838
Fees and commissions		70,956		57,702
Trading income		10,422		60
Other operating income		16,043		17,757
Other ordinary income		43,873		16,548
Ordinary expenses		243,875		271,062
Interest expenses		87,233		128,786
Interest on deposits		15,683		17,893
Fees and commissions		17,733		16,276
Trading expenses		54		836
Other operating expenses		13,002		18,285
General and administrative expenses		105,152		97,110
Other ordinary expenses		20,699		9,767

Ordinary profits		121,682		81,089

Extraordinary gains		53,250		19,947
Extraordinary losses		4,225		5,744

Income before income taxes		170,707		95,292

Income taxes-current		42,173		6,100
Income taxes-deferred		2,437		18,112

Total taxes		44,611		24,213

Net income		126,096		71,079

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(3)	Statements of Trust Assets and Liabilities

Including trust assets under service-shared co-trusteeship


(in millions of yen)	As of March 31, 2018		As of September 30, 2018
Assets:
Loans and bills discounted		306,755		369,022
Securities		53,976,806		52,867,055
Beneficiary rights to the trust		72,399,465		76,384,704
Securities held in custody accounts		3,121,503		3,538,749
Monetary claims		16,876,864		17,399,589
Tangible fixed assets		13,544,869		13,954,166
Intangible fixed assets		130,851		133,838
Other claims		3,645,903		2,564,772
Call loans		384,210		1,064,277
Due from banking account		9,626,979		9,336,098
Cash and due from banks		6,671,875		5,902,610

Total		180,686,086		183,514,884

Liabilities:
Money trusts		25,052,352		23,986,337
Pension trusts		11,946,499		11,463,653
Property formation benefit trusts		7,608		7,296
Investment trusts		77,208,657		81,243,085
Money entrusted other than money trusts		3,718,032		3,830,809
Securities trusts		5,200,280		4,862,190
Monetary claim trusts		15,977,728		16,463,341
Equipment trusts		72,741		79,479
Land and fixtures trusts		43,894		43,839
Composite trusts		41,458,291		41,534,849

Total		180,686,086		183,514,884


Note:	1.	The table shown above includes master trust assets under the service-shared co-trusteeship between TB and The Master Trust Bank of Japan, Ltd.
	2.	Trust assets and liabilities under a declaration of trust excluded from above table are 1,505 millions of yen as of March 31, 2018 and 1,504 millions of yen as of September 30, 2018.

Detailed information for “Money trust” with contracts indemnifying the principal amounts

(including trusts for which beneficiary interests are re-entrusted)


(in millions of yen)	As of March 31, 2018		As of September 30, 2018
Assets:
Loans and bills discounted		16,186		15,093
Securities		80,292		62,966
Other		7,008,991		7,074,209

Total		7,105,470		7,152,269

Liabilities:
Principal		7,105,161		7,141,348
Allowance for bad debts		48		45
Other		260		10,875

Total		7,105,470		7,152,269

Mitsubishi UFJ Financial Group, Inc.

TB Non-consolidated

(4)	Major Items


(in millions of yen)	As of March 31, 2018		As of September 30, 2018
Total funds		56,709,252		51,735,070

Deposits		15,307,147		13,729,963
Negotiable certificates of deposit		4,395,644		2,547,819
Money trusts		25,052,352		23,986,337
Pension trusts		11,946,499		11,463,653
Property formation benefit trusts		7,608		7,296

Loans and bills discounted		14,821,468		5,213,818

Banking account		14,514,713		4,844,795
Trust account		306,755		369,022

Investment securities		67,642,084		66,499,154

Note:

The table shown above includes master trust assets under the service-shared co-trusteeship between TB and The Master Trust Bank of Japan, Ltd.